Housing sales in India’s 8 prime residential markets dipped in the September quarter as the combined effects of the monsoon season and pitru paksha played out. However, sales as well as launches are likely to see revival in the ongoing December quarter that cover the much-anticipated festive season.
However, home loans would continue to attract the existing rate of interest with the RBI maintaining a status quo on the repo rate for the 10th time. Changes of a rate cut in the near future are also slim due to the rise in inflation numbers and a general slowdown in consumer demand. As a result of this the pressure on housing affordability will sustain.
What else does the ongoing quarter hold for the housing sector?
Watch this video in full to find out.